Former Morgan Stanley Prop. Trading Chief Plans Hedge Fund

Jul 2 2013 | 11:15am ET

Another former proprietary trading is joining the ranks of his former colleagues in launching a hedge fund.

George Kounelakis, the former head of Morgan Stanley’s principal investments group in Europe, has set up ENA Investment Capital. The new firm has been approved by the U.K.’s Financial Conduct Authority, has lined up a U.S. institutional seed investor and will launch its maiden fund around September, Financial News reports.

ENA will employ an event-driven strategy focused on Europe.

“ENA Capital’s key focus is on cyclical industries and geographis in Europe undergoing a transition or facing structural challenges where the firm has strong industrial and local expertise and access,” according to a biography of Kounelakis posted on the Belfer Center for Science and International Affairs Web site.

Kounelakis plans to have about 20 staffers on board at launch. ENA already has three other partners: Och-Ziff Capital Management veteran Rafael Garcia Arbej, a financials expert; and Mark Field-Marsham and Guillermo Galmés Diego, both, like Kounelakis, formerly of Morgan Stanley.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note